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The following stockholders equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017. Common Stock ($5 stated value) $1,700,000 Paid-in
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017.
Common Stock ($5 stated value) | $1,700,000 | |
Paid-in Capital in Excess of Par—Preferred Stock | 285,000 | |
Paid-in Capital in Excess of Stated Value—Common Stock | 920,000 | |
Preferred Stock (8%, $100 par) | 500,000 | |
Retained Earnings | 1,234,000 | |
Treasury Stock (10,000 common shares) | 120,000 |
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
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